Managerial Functions Within Foot Locker Inc

Topics: Management, Planning, F. W. Woolworth Company Pages: 5 (843 words) Published: March 2, 2015


Managerial Functions within Foot Locker, Inc.
Kristopher Watkins, Jovita Romo, Tatesha Thomas, Markea Walker-Brown Kathryn Shanosk, Michelle White, Tyrell Hall
MGT/312
February 16, 2015
Armand Di Cianni
Managerial Functions within Foot Locker, Inc.
All organizations have a set of goals in place to achieve company success. Effective management allows the company to operate efficiently. The cycle of management functions includes planning, organizing, leading, and controlling. As a leading global retailer of athletically inspired shoes and apparel, Foot Locker, Inc. uses these vital managerial techniques to ensure each of their 3,473 athletic retail stores operates successfully. Four Functions of Management

Planning
Planning provides a sense of direction and purpose. All managers use the planning strategy to develop goals and courses of action, establish rules and procedures, and to forecast future outcomes. Planning requires management to evaluate, both internally and externally, the current state of the company and where it will be in the future. “Planning is a process consisting of several steps. The process begins with environmental scanning, which simply means that planners must be aware of the critical contingencies facing their organization in terms of economic conditions, their competitors, and their customers. Planners must then attempt to forecast future conditions. These forecasts form the basis for planning” (Barnett, 2006) In 2001, the Venator’s board named Matthew Serra COO and he started planning to establish chain stores for Foot Locker when he changed the Venator Corporation. Mr. Serra wanted to capture sales from people who were looking for entertainment, so he decided to place stores in new movie theaters, restaurants, gaming outlets and other areas that attracted young people.

Organizing
Organizing is the second function of management. “To organize is to create a specific order among individuals or organizations, to attribute certain identities and to prescribe certain patterns of behavior” (Ahrne & Brunson, 2007, p.1). It helps management to organize resources in an organization for achievement of the set goals and objectives from the planning stage. The manager will create charts, establish reporting relationships, and develop a team to handle administrative duties to accomplish the work. Organizing makes sure the plan gets off to a good start. “The structure of the organization is the framework within which effort is coordinated” (Barnett, 2006). Leading

The third function is leading. Leading is motivating and encouraging employees to achieve a higher performance while achieving their goals. By leading, managers provide advice and support to the team that will allow them to perform on a top level. Managers must provide direction that employees can work towards. Foot Locker has associates with competitive strength. They are dedicated to providing shoppers with superior customer service. With the strong foundation that was built during the planning process, it will continue to enhance the skills of their teams with training and a work environment that provided career opportunities. On a daily basis, managers use leadership skills as they monitor their sales floor. While each full-time employee is designated specific breaks, a specific amount of representatives are needed to aid customers on the floor. Stores also require restocking and zoning of merchandise during the day. Managers create schedules and designate assigned times for breaks and other store tasks to make sure that each of the necessary tasks are completed. Controlling

Controlling is the fourth function of management and the last stage. In this stage, managers monitor and evaluate the person, group, and organizational performance to see if the goals are being met. If the goals were met, managers could proceed to maintain and improving performance: if the goals have not been achieved, corrective action is to...

References: About The Company. (2015). Retrieved from Foot Locker, Inc.: http://www.footlocker-inc.com/company.cfm?page=about
Barnett, Tim. "Management Functions." Encyclopedia of Management. Ed. Marilyn M. Helms.
5th ed. Detroit: Gale, 2006. 493-495. Web. 14 Feb. 2015.
http://go.galegroup.com.ezproxy.apollolibrary.com/ps/i.do?id=GALE%7CCX344630&v=2.1&u=uphoenix&it=r&p=GVRL&sw=w&asid=fc14cc52798938b657eeae1a86c0017c635f
Ahrne, G., & Brunson, N. H. (2007). Organizing Organizations. Organization, p. 1-6.
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on Foot Locker, Inc
  • Foot Locker Essay
  • Foot Locker, Inc: The Annual Project Report Essay
  • Essay about Managerial Functions.
  • Lady Foot Locker Analysis Essay
  • Essay about Foot Locker final draft
  • Essay on Managerial Function
  • MARKETING AS A MANAGERIAL FUNCTION Essay

Become a StudyMode Member

Sign Up - It's Free